MT
DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 100,000,000
Table of Provisions (9)
Statutory Text (9 Articles)
ISSUE OF EURO 100,000,000
MALTA GOVERNMENT STOCKS
SUBSIDIARY LEGISLATION 161.125
DIRECTIVE BY THE MINISTER OF FINANCE,
ECONOMY AND INVESTMENT FOR
THE ISSUE OF EURO 100,000,000
MALTA GOVERNMENT STOCKS
29th April, 2011
LEGAL NOTICE 162 of 2011.
The title of this directive is Directive by the Minister of
Finance, the Economy and Investment for the issue of Euro
100,000,000 Malta Government Stocks.
An amount of Euro 100,000,000 Malta Government Stocks
shall be issued as follows
(a) 4.25% Malta Government Stock 2017 (III) Fungibility
issue, and
(b) 5.25% Malta Government Stock 2030 (I) Fungibility
issue, or
(c) any combination of the above two Stocks which shall
in the aggregate be Euro 100,000,000.
These Stocks shall be issued as set out in the prospectus.
All persons and, or entities are eligible to apply for these
Stocks. Allotment will be applied as set out in the prospectus.
(1) In terms of the Financial Markets Act, when these
Stocks have been allotted, an application shall be made for the
respective Stock to be placed on the official list and for trading on
the Malta Stock Exchange.
(2) On the 6th November, 2011 after the payment of the first
interest, any amount allotted under 4.25% Malta Government Stock
2017 (III) FI shall be integrated with the existing issue of this Stock
and thereafter both shall be deemed to be one Stock.
(3) On the 23rd June, 2011 after the payment of the first
interest, any amount allotted under 5.25% Malta Government Stock
2030 (I) FI shall be integrated with the existing issue of this Stock
and thereafter both shall be deemed to be one Stock.
The sum of money to be raised by either Stock, or of any
combination of the two Stocks shall in the aggregate be Euro
100,000,000. The Accountant General reserves the right to increase
the sum of money to be raised by a maximum of Euro 50,000,000.
(1) Interest at the rate of Euro 2.125 for every Euro 100 in
respect of the 4.25% Malta Government Stock 2017 (III) shall be
payable half-yearly in arrears on the 6th day of May and the 6th day
of November in every year for the duration of the Stock. The first
pro rata interest payment covering the period from the 18th day of
ISSUE OF EURO 100,000,000
MALTA GOVERNMENT STOCKS
May, 2011 to the 5th day of November, 2011 (both dates inclusive),
shall be
made on the 6th day of November, 2011.
(2) Interest at the rate of Euro 2.625 for every Euro 100 in
respect of the 5.25% Malta Government Stock 2030 (I) shall be
payable half-yearly in arrears on the 23rd day of June and the 23rd
day of December in every year for the duration of the Stock. The
first pro rata interest payment covering the period from the 18th
day of May, 2011 to the 22nd day of June, 2011 (both dates
inclusive), shall be made on the 23rd day of June, 2011.
(1) The 4.25% Malta Government Stock 2017 (III) shall be
redeemed at par on the 6th November, 2017.
(2) The 5.25% Malta Government Stock 2030 (I) shall be
redeemed at par on the 23rd June, 2030.